Surgical Equipment Market Research Report - Forecast to 2023

Surgical Equipment Market Research Report - Forecast to 2023

ID: MRFR/MED/0113-CRR | February, 2016 | Region: Global | 130 pages | Cooked Research Reports

Surgical Equipment Market Report, By Product Type (Surgical Sutures & Staplers, Handheld Instruments, Electrosurgical Devices), by Application (Neurosurgery, Wound Closure), by End-User (Hospitals, Ambulatory Surgical Centers) - Global Forecast Till 2023


Market Scenario:


Surgical equipment are used for both minor and major surgical procedures in hospitals and surgical centers and have a wide range of application in neurosurgery, ophthalmic surgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others. Electrosurgical devices, surgical sutures and staples, handheld instruments, electrosurgical generators, and monitoring devices are the various equipment that are used in surgeries.


The global surgical equipment market is driven by the increasing prevalence of chronic diseases such as cardiovascular diseases, obesity, skin diseases, increasing number of surgeries in ambulatory surgical centers and hospitals, and rising geriatric population. Additionally, the growth of the medical device market, increasing number of surgical centers, and government initiatives have a synergistic effect on the market. However, the growth of the market is restrained by various factors such as high cost of surgical devices and strict regulatory policies for various regulatory authorities.


The global surgical equipment market is expected to grow at a CAGR of 6.2% during the forecast period.


 Surgical Equipment Market


Figure: Global Surgical Equipment Market, by Region, 2016 (%)


 Sources: WHO, annual reports, press release, white paper, company presentation


Intended Audience



  • Surgical Equipment Suppliers

  • Surgical Equipment Manufacturers

  • Medical Research Laboratories

  • Medical Devices Companies

  • Academic Medical Institutes and Universities


Research Methodology


 Surgical Equipment Methodology


Sources: WHO, annual reports, press release, white paper, and company presentation


Segmentation


The global surgical equipment market is divided into product type, application, and end-user.


On the basis of product type, the market is segmented into surgical sutures and staplers, handheld instruments, electrosurgical devices, electrosurgical generators, monitoring devices, and others. Surgical sutures and staplers are further segmented into absorbable and non-absorbable sutures. Handheld instruments are sub-segmented into forceps, sutures, visual scope, and others. Electrosurgical devices are further categorized into electrosurgical instruments such as HET bipolar system, electrosurgical pencils, smoke evacuation system, electrosurgical generators, and others.


On the basis of application, the market is segmented into neurosurgery, wound closure, urology, cardiovascular surgeries, orthopedic surgery, and others.


On the basis of end-user, the market is segmented into hospitals, ambulatory surgical centers, and others.


Regional Analysis


Americas holds the largest share of the surgical equipment market. The growth of the medical device sector, increasing emphasis on quality care, and the availability of technologically-advanced surgical devices are the major drivers for the growth of the market. North America holds the largest share, with the U.S. being the largest contributor to the growth of the market. In the U.S., the presence of key players in the medical device industry and extensive use of surgical devices drive the market. South America also exhibits tremendous growth opportunities with an increase in the demand for surgical devices. The Agency for Healthcare Research and Quality reported that nearly 11 million and 10 million invasive and therapeutic surgeries were carried out in ambulatory and inpatient settings, respectively, in the U.S. in 2014.


Europe, Germany, the U.K., and France are the major contributors to the growth of the market. The increasing number of market players manufacturing surgical equipment, growing government support, and increase in outpatient surgeries drive the market in the European nations. Additionally, increasing healthcare spending by European nations such as the U.K. and Germany also contributes to the growth of the market.


The Asia Pacific, surgical equipment market, is driven by the huge demand for surgical devices and instruments, increasing awareness about quality care in hospitals and surgical centers, and the ever-increasing prevalence of chronic diseases such as cardiovascular diseases. India and Australia exhibit the fastest growth in the market owing to the availability of qualified and skilled medical professionals and growing healthcare expenditure.


In the Middle East and Africa, the market growth is attributed to the increasing availability of specialty care services in countries such as the United Arab Emirates and Saudi Arabia. Africa exhibits a steady growth with the demand for primary care services in the region.


Key Players


Some of the key players in this market are Smith & Nephew (UK), B. Braun Melsungen AG (Germany), Ethicon US, LLC. (US), Erbe Elektromedizin GmbH (Germany), COVIDIEN (US), CONMED Corporation (US), MEDICON (US), Integra LifeSciences Corporation (US), Synergetics USA, Inc. (US), Stryker Corporation (US), KARL STORZ & Co. (US), and KLS Martin (Germany).

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TABLE OF CONTENTS

1.1 Definition


1.2 Scope Of The Study


1.2.1 Research Objectives


1.2.2 Assumptions & Limitations


1.3 Market Structure

2.1 Research Process


2.2 Primary Research


2.3 Secondary Research


2.4 Forecast Model

4.1 Introduction


4.2 Growth Drivers


4.3 Growth Barriers


4.4 Growth Opportunities


4.5 Macroecnomical Indicators

6.1 Introduction


6.2 Surgical Suture Market


6.2.1 Suture Devices




6.2.2 Suture Needles




6.3 Surgical Staples


6.4 Hand Handheld Surgical Instruments


6.4.1 Scalpels


6.4.2 Forceps


6.4.3 Retractors


6.4.4 Scissors


6.4.5 Others


6.5 Electrosurgical Devices


6.6 Others

7.1 Introduction


7.2 North America


7.2.1 U.S.


7.2.2 Canada


7.3 Europe


7.3.1 Germany


7.3.2 France


7.3.3 U.K.


7.3.4 Italy


7.3.5 Spain


7.3.6 Rest Of Europe


7.4 Asia


7.4.1 Japan


7.4.2 China


7.4.3 India


7.4.4 Rest Of Asia


7.5 Rest Of The World

8.1 Introduction


8.2 Competitive/Strategic Scenario

10.1 Discussion Blue Print


10.2 Industry Expert Quotes


10.3 Bibliography